Open Bank SBA Loans – Rates, States & Industries

Open Bank SBA 7(a) loan profile. $192.4M funded, 108 loans at 8.89% avg rate. See top states, industries & how to apply.

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Open Bank

National Rank by SBA 7(a) Loan Volume (2025)

$192.4M
Total Volume

108
Loans Funded

$1.8M
Avg Loan Size

8.89%
Avg Interest Rate

About Open Bank

In 2025, Open Bank funded $192.4M in SBA 7(a) loans across 108 businesses nationwide, making them the #36 SBA lender in the United States by loan volume.

💡 Key Insight: Open Bank’s average loan size is $1.8M at an average rate of 8.89%. Working with an SBA loan broker can help you access this lender and potentially negotiate better terms.

Loan Types Funded by Open Bank

Here’s how Open Bank distributes their SBA loans across different business types:

🚀 Startups
18%
$32.2M • 19 loans

🏢 Existing Businesses
37%
$64.8M • 40 loans

🔄 Acquisitions
45%
$95.4M • 49 loans

Top States for Open Bank (2025)

Here are the states where Open Bank has the highest SBA lending activity:

RankStateVolumeLoansAvg Size
1 California$100.0M60$1.7M
2 Texas$44.4M21$2.1M
3 Washington$9.3M6$1.5M
4 Virginia$6.2M3$2.1M
5 New Mexico$5.0M1$5.0M
6 Massachusetts$5.0M1$5.0M
7 North Dakota$5.0M1$5.0M
8 South Carolina$4.0M2$2.0M
9 Kansas$2.9M1$2.9M
10 Nevada$2.9M2$1.5M
11 Maryland$2.9M5$576K
12 Colorado$2.6M1$2.6M
13 Kentucky$960K1$960K
14 Illinois$581K1$581K
15 North Carolina$360K1$360K

Top Industries Funded by Open Bank

Open Bank funds SBA loans across many industries. Here are the sectors where they’re most active:

RankIndustryVolumeLoans
1 Hotels (except Casino Hotels) and Motels$55.1M18
2 Nursing Care Facilities$6.8M3
3 Supermarkets and Other Grocery (except Convenience) Stores$5.0M7
4 Full-Service Restaurants$4.1M8
5 Engineering Services$3.4M1
6 Home Health Care Services$2.8M2
7 Other Miscellaneous Durable Goods Merchant Wholesalers$2.5M1
8 Services for the Elderly and Persons with Disabilities$2.5M1
9 Metal Service Centers and Other Metal Merchant Wholesalers$2.3M1
10 Food Service Contractors$1.0M1
11 All Other Specialty Trade Contractors$629K1
12 Car Washes$581K1
13 Offices of Dentists$557K1
14 Limited-Service Restaurants$481K2
15 Offices of Lawyers$350K1

Top Cities for Open Bank

Los Angeles, Ca

$12.4M
Volume

6
Loans

Long Beach, Ca

$8.5M
Volume

4
Loans

Mabank, Tx

$7.4M
Volume

2
Loans

Baldwin Park, Ca

$5.5M
Volume

2
Loans

Sulphur Springs, Tx

$5.3M
Volume

2
Loans

Taos, Nm

$5.0M
Volume

1
Loans

Southborough, Ma

$5.0M
Volume

1
Loans

Bakersfield, Ca

$5.0M
Volume

1
Loans

The Colony, Tx

$5.0M
Volume

1
Loans

Casselton, Nd

$5.0M
Volume

1
Loans

🤝 How to Get a Loan from Open Bank

Many top SBA lenders, including Open Bank, work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works directly with Open Bank and can help you access their loan programs. Our service is completely free to borrowers.

📞 Get Matched with Open Bank

Ready to apply for an SBA loan through Open Bank? Our team can help you get matched with the right lender and program for your business.

Looking for other SBA lenders? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

Other Top SBA Lenders

Picture of Ishan Jetley

Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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